The coming generational storm : what you need to know about America's economic future by Laurence J Kotlikoff(
Book
)39
editions published
between
2004
and
2007
in
5
languages
and held by
1,974 WorldCat member
libraries
worldwide
"In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees
as there are today but only 18 percent more workers. How will America handle this demographic overload? How will Social Security
and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns,
if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health
benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost
its compass, say Kotlikoff and Burns, and the current administration is heading straight into the coming generational storm."
"But don't panic. To solve a problem you must first understand it. Kotlikoff and Burns take us on a guided tour of our generational
imbalance, first introducing us to the baby boomers - their long retirement years and "the protracted delay in their departure
to the next world." Then there's the "fiscal child abuse" that will double the taxes paid by the next generation. There's
also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the
popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful
government spending." "So how can the United States avoid this demographic/fiscal collision? Kotlikoff and Burns propose bold
new policies, including meaningful reforms of Social Security and Medicare. Their proposals are simple, straightforward, and
geared to attract support from both political parties. But just in case our elected officials won't take the political risk
to chart a new direction, Kotlikoff and Burns also offer a "life jacket"--Guidelines for individuals to protect their financial
health and retirement."--Jacket

Get what's yours : the secrets to maxing out your social security by Laurence J Kotlikoff(
Book
)14
editions published
between
2015
and
2016
in
English
and held by
1,740 WorldCat member
libraries
worldwide
"Learn the secrets to maximizing your Social Security benefits and earn up to thousands of dollars more each year with expert
advice that you can't get anywhere else. Want to know how to navigate the forbidding maze of Social Security and emerge with
the highest possible benefits? You could try reading all 2,728 rules of the Social Security system (and the thousands of explanations
of these rules), but Kotlikoff, Moeller, and Solman explain Social Security benefits in an easy to understand and user-friendly
style. What you don't know can seriously hurt you: wrong decisions about which Social Security benefits to apply for cost
some individual retirees tens of thousands of dollars in lost income every year. How many retirees or those nearing retirement
know about such Social Security options as file and suspend (apply for benefits and then don't take them)? Or start stop start
(start benefits, stop them, then re-start them)? Or--just as important--when and how to use these techniques? Get What's Yours
covers the most frequent benefit scenarios faced by married retired couples, by divorced retirees, by widows and widowers,
among others. It explains what to do if you're a retired parent of dependent children, disabled, or an eligible beneficiary
who continues to work, and how to plan wisely before retirement. It addresses the tax consequences of your choices, as well
as the financial implications for other investments. Many personal finance books briefly address Social Security, but none
offers the thorough, authoritative, yet conversational analysis found here. You've paid all your working life for these benefits.
Now, get what's yours"--

The healthcare fix : universal insurance for all Americans by Laurence J Kotlikoff(
Book
)15
editions published
in
2007
in
English and Undetermined
and held by
1,020 WorldCat member
libraries
worldwide
Proposes a universal health insurance plan for the U.S., in which each American would receive an annual voucher for health
insurance, the amount based on his or her current medical condition

The clash of generations : saving ourselves, our kids, and our economy by Laurence J Kotlikoff(
Book
)16
editions published
between
2012
and
2014
in
English and Undetermined
and held by
675 WorldCat member
libraries
worldwide
The United States is bankrupt, flat broke. Thanks to accounting that would make Enron blush, America's insolvency goes far
beyond what our leaders are disclosing. The United States is a fiscal basket case, in worse shape than the notoriously bailed-out
countries of Greece, Ireland, and others. How did this happen? In The Clash of Generations, experts Laurence Kotlikoff and
Scott Burns document our six-decade, off-balance-sheet, unsustainable financing scheme. They explain how we have balanced
our longer lives on the backs of our (relatively few) children. At the same time, we've been on a consumption spree, saving
and investing less than nothing. And that's not to mention the evisceration of the middle class and a financial system that
has proven it can't be trusted. Kotlikoff and Burns outline grassroots strategies for saving ourselves--and especially our
children--from what could be a truly catastrophic financial collapse. Kotlikoff and Burns sounded the alarm in their widely
acclaimed The Coming Generational Storm, but politicians didn't listen. Now the need for action is even more urgent. It's
up to us to demand radical reform of our tax system, our healthcare system, and our Social Security system, and to insist
on better paths to investment return than those provided by Wall Street (mis)managers. Kotlikoff and Burns's "Purple Plans"
(so called because they will appeal to both Republicans and Democrats) have been endorsed by a who's who of economists and
offer a new way forward; and their revolutionary investment strategy for individuals replaces the idea of financial capital
with "life decision capital." Of course, we won't be doing all this just for ourselves. We need to fix America's fiscal mess
before our kids inherit it

Generational accounting : knowing who pays, and when, for what we spend by Laurence J Kotlikoff(
Book
)24
editions published
between
1989
and
1993
in
English
and held by
666 WorldCat member
libraries
worldwide
Amid the ongoing debate about today's pressing economic problems, far too little attention is being paid to the implications
of current economic policies for the future. Laurence J. Kotlikoff shows in this alarming and important book, that if current
policies are left unchanged, unborn generations of Americans will pay significantly higher taxes - at least 20% higher - than
we do today. Furthermore, according to Kotlikoff, these policies could have devastating effects not only on the next generation
but also on the baby boomers themselves, whose economic future is critically dependent on sound management of the Social Security
system as we become an older society. In this searing indictment of conventional economic policy, Kotlikoff demonstrates that
our nation has lost its direction by sacrificing long-range economic responsibility for short-term budget gimmickry. In Kotlikoff's
proposed new fiscal measure, called generational accounting, already widely admired by key figures in government and public
finance, he offers an entirely new way of assessing the government's economic actions as they affect current and future generations.
By providing a long-needed discipline for economic policies that typically focus on immediate benefits, and ignore the lasting
consequences of government behavior, his proposal enables policy makers as well as the public to see who pays, and when, for
what the government spends. Senator Bill Bradley, in letters to the Comptroller General of the United States, and to the Director
of the Congressional Budget Office, has recommended that the United States adopt generational accounting. Says Bradley, "Generational
accounting forces us to confront the future implications of current policies in a systematic way, by imposing a longer-term
perspective on fiscal policy." Kotlikoff boldly articulates the point that many Americans already intuitively understand:
the deficit number usually cited is an arbitrary accounting figure manipulated by public officials to serve their political
objectives but has no real economic content. In failing to give a proper account of its fiscal actions, the government, Kotlikoff
shows, has left citizens completely uninformed as to how they will fare overtime, as changing demographics continue to work
their effects on the public pocketbook. Kotlikoff warns that unless greater accountability in the making of economic policy
is introduced, America faces the danger of declining into a society of injustice and intergenerational resentment

What determines savings? by Laurence J Kotlikoff(
Book
)12
editions published
in
1989
in
English
and held by
630 WorldCat member
libraries
worldwide
What determines savings? The question is timely and important. The U.S. saving rate is less than half of Japan, Germany and
other developed countries. This imbalance in saving rates is responsible in the large part for the imbalance in international
trade. This book examines an array of key determinants of wealth accumulation, including bequest and precautionary saving
motives, the length of retirement, demographics, the tax structure, social security, and insurance institutions

Pensions in the American economy by Laurence J Kotlikoff(
Book
)19
editions published
in
1983
in
English
and held by
601 WorldCat member
libraries
worldwide
For anyone with an interest in pensionsworkers and employers, personnel directors, accountants, actuaries, lawyers, insurance
agents, financial analysts, government officials, and social scientiststhis book is required reading. Now, without the aid
of a pension specialist, anyone can determine how their particular pension plan stacks up against the average. Using virtually
all available government sources (including computerized data unavailable in print) and their own extensive surveys, the authors
present a comprehensive description of the structural features and financial conditions of U

Dynamic fiscal policy by Alan J Auerbach(
Book
)18
editions published
between
1987
and
1992
in
English and Undetermined
and held by
535 WorldCat member
libraries
worldwide

Jimmy Stewart is dead : ending the world's ongoing financial plague with limited purpose banking by Laurence J Kotlikoff(
Book
)12
editions published
between
2010
and
2013
in
English
and held by
501 WorldCat member
libraries
worldwide
Discover how the global financial plague is poised to return, and what can be done to stop it. This is not your father's financial
system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead . And so is his small-town
bank, Bailey Savings & Loan. Instead, we're watching It's a Horrible Mess with Wall Street (aka the Vegas Strip) playing ever
larger craps with our economy and our tax dollars. This book, written by one of the world's most respected economist, describes
in lively, humorous, simple, but also deadly serious terms the big con underlying the big

Generational accounting around the world by Alan J Auerbach(
Book
)25
editions published
between
1998
and
2007
in
English
and held by
420 WorldCat member
libraries
worldwide
Mounting government obligations and aging populations raise very serious concerns about the fiscal burdens left to future
generations. Generational accounting, a method of long-term fiscal planning and analysis, directly measures these burdens
as well as the costs of lowering them. The volume combines the latest and most extensive country-by-country generational analyses
with a comprehensive review of generational accounting's innovative methodology and a devastating critique of conventional
deficit accounting

Get what's yours : the secrets to maxing out your Social Security revised and updated by Laurence J Kotlikoff(
Book
)3
editions published
in
2016
in
English
and held by
387 WorldCat member
libraries
worldwide
"In 2016, Social Security rules changed radically. Do you know how - and how these changes might apply to you? Americans have
left literally billions of Social Security dollars on the table - benefits we have earned, are eligible to take, but simply
aren't aware of. Fully revised and carefully updated in light of the new law, Get What's Yours is the indispensable guide
to collecting the maximum Social Security benefits possible."--Page [4] of cover

Generational policy by Laurence J Kotlikoff(
Book
)25
editions published
between
2001
and
2004
in
English
and held by
323 WorldCat member
libraries
worldwide
Lectures presented at the Universidad Torcuato de Tella in Buenos Aires. Discusses how generational policy works and relates
it to Argentina's government policies

The wage carrot and the pension stick : retirement benefits and labor force participation by Laurence J Kotlikoff(
Book
)9
editions published
between
1988
and
1989
in
English and Undetermined
and held by
265 WorldCat member
libraries
worldwide
A study documented the continued backloading of pension benefits and the extent of retirement incentives by examining pension
accrual in 1,183 U.S. defined benefit pension plans in 1979 and in one large Fortune 500 firm in 1984. Among the findings
on the defined benefit pension plans were the following: many plans exhibit significant backloading; most plans generate substantial
retirement incentives, often at the plan's age of early retirement; the extent of backloading and retirement incentives differs
widely across firms; and early and normal retirement at age 55 is quite common among firms in the transportation industry.
The analysis of the retirement response to the Fortune 500 company's pension plan yielded the following findings: most of
the benefits accrued in the year the worker reached age 55, the plan's age of early retirement; the plan made pension accrual
significantly lower after age 55, thus providing a very substantial incentive to retire at age 55 or shortly thereafter; and
the pension plan increased the extent of early retirement between ages 55 and 60 by roughly one-third. (The document includes
a 46-item reference list, 41 tables, 26 figures, and an index.) (Cml)

Get what's yours : the secrets to maxing out your Social Security by Laurence J Kotlikoff(
Recording
)5
editions published
between
2014
and
2016
in
English
and held by
225 WorldCat member
libraries
worldwide
Learn the secrets to maximizing your Social Security benefits and earn up to thousands of dollars more each year with expert
advice. Kotlikoff, Moeller, and Solman explain Social Security benefits in an easy to understand and user-friendly style

The effects of income and wealth on time and money transfers between parents and children by Joseph G Altonji(
Book
)14
editions published
between
1995
and
1996
in
English
and held by
94 WorldCat member
libraries
worldwide
We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and their
parents as well as the effects of incomes of other relatives on these flows. We relate the relative incomes of parents and
parents in-law to transfer amounts given and received by married couples. We also study how the relative incomes of divorced
parents influence transfers. We find that money transfers tend to reduce inequality in household incomes and that time transfers
are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents and parents
in-law the richer set of parents is more likely to give money and less likely to receive money. The same is true of divorced
parents. In contrast to the implications of simple exchange models of transfers, there is little evidence in the cross section
or in the analysis using siblings that parental income or wealth raises time transfers from children or that time transfers
are exchanged for money transfers. In the cross section and among siblings, the strong negative relationship between time
transfers and distance from parents is not associated with a strong negative relationship between distance and money transfers.
We discuss the implications of our results for alternative models of transfers

Opting out of social security and adverse selection by Laurence J Kotlikoff(
Book
)13
editions published
in
1998
in
English
and held by
82 WorldCat member
libraries
worldwide
This paper compares two general methods of privatization social security: forced participation in the new privatized system
vs. letting people choose between the new system or staying in social security (i.e., opting out). Simulations are performed
using a large scale perfect-foresight OLG simulation model that incorporates both intra-generational and inter-generational
heterogeneity. The decision of any agent to opt out is endogenous and depends on the opting out decisions of all other agents
vis-à-vis factor prices. Various tax bases are considered in financing the transition path, as well as the perceived tax-benefit
linkage due to the informational problems inherent in many social security systems. We consider two cases: full and no perception
Both methods of privatizing social security lead to large long- run gains for all lifetime income classes despite the intra-generational
progressivity of social security, but differ in their short run effects due to adverse selection associated with opting out.
Adverse selection is a key reason why many economists oppose opting out and why many plans to privatize social security systems
mandate participation. This paper, however, shows this wisdom to be wide of the mark. Opting out is better at protecting the
welfare of the initial elderly, even though forced participation protects their real value of social security benefits because
opting out continues to collect payroll tax revenue from those who stay with social security. Opting out can mean quicker
transition paths by reducing social security wealth faster than forced participation, because many will forfeit their accrued
claims as the price of opting out. Yet opting out, along with a decrease in the payroll tax rate is better at shifting the
burden to future workers who benefit from privatization